Why Diversifying Your Portfolio Feels So Awful
Warren Buffet said, "Diversification makes very little sense for anyone that knows what they’re doing." He also said, "Diversification is a protection against ignorance..." Most of us need that protec...
7 Sep 202226min
What If High Inflation Doesn't End? How To Invest If High Inflation Stays
How economic wars, pandemics, and worker shortages could lead to years of high structural inflation. What needs to happen to avoid this dire inflation scenario.Topics covered include:What are the thre...
31 Aug 202225min
Unintended Consequences Impact Everything
We explore examples of positive and negative unintended consequences, what causes them, and how to navigate a world where unanticipated things happen all of the time.Topics covered include:What leads ...
24 Aug 202224min
When Should You Hire An Investment Advisor? Two Case Studies
We analyze two listeners' portfolios. One who is close to retirement and considering hiring an outside money manager. The second is 45 and just sold a business and is trying to decide whether to fire ...
17 Aug 202229min
How To Invest Based on Cycles
This episode edits and remasters two earlier episodes on investing based on cycles to focus on timeless investing principles.Topics covered include:What are different types of cyclesWhy do cycles have...
10 Aug 202237min
Forsage and Herbalife—How Multi-Level Marketing, Pyramid Schemes, and Ponzi Schemes Differ
Why it is challenging to distinguish a legitimate multi-level marketing company from a pyramid scheme as hedge fund billionaire Bill Ackman found out in his losing campaign against Herbalife. How Fors...
3 Aug 202223min
How Population Trends Will Impact Growth, Inflation, Investing, and Well Being
How slowing population growth and an eventual population peak will lead to competition for foreign workers, potentially higher inflation, and ultimately the need to transition to a steady-state econom...
27 Jul 202227min
How To Get Better At Risk Taking
Five ways we can better take and manage risk.Topics covered include:How likely is it that China will invade Taiwan and the stock market will fall 80%Why experts tend to be humble and don't make specif...
20 Jul 202227min
